Trade

EU Scrambles as US Threatens Auto Tariffs

When the trade ministers of the so-called Group of Seven, or G7, nations met in Paris this week, they were supposed to be talking about the most pressing issues facing global trade, including critical minerals and the impact of the Iran war.

Africa's Fertilizer Options During the Hormuz Blockade

For more than two months, there have hardly been any merchant ships passing through the Strait of Hormuz amid the ongoing blockade. Africa is being hit by the full brunt of the conflict in the Middle East, with canceled flights, long lines at petrol stations, and barren fields across the continent.

Germany roundup: Exports rise, Commerzbank cuts, military expansion

Skip next section What you need to know What you need to know German exports have risen 0.5% month on month and 1.9% year on year in March, while imports have jumped 5.1% Shipments to the US and China have declined sharply Germany's Commerzbank says plans 3,000 job cuts to fend off a takeover bid by

How Long Could Iran Withstand a US Naval Blockade?

The Trump administration is trying to force Iran into concessions by cutting off its oil exports. Will it prevail? A ceasefire has been in place between the US and Iran after weeks of fighting, with Washington now seeking ways out of the conflict with Iran. Two options are on the table.

Pezeshkian: US Blockade 'Doomed to Fail'

Skip next section World facing a 'major economic and energy challenge,' IEA head says April 30, 2026 World facing a 'major economic and energy challenge,' IEA head says The head of the International Energy Agency, Fatih Birol, has told a Paris climate conference that the world "is facing a major economic and energy challenge" amid

Iran conflict strains India's pharmaceutical supply chain

India's pharmaceutical industry, the backbone of global generic drug supply, is coming under pressure as the Iran war disrupts energy markets and trade routes. India is the largest producer of generic drugs, which are cheaper pharmaceutical products made to match brand-name drugs in quality and performance as well as safety.

Customs Launches Portal for Major Tariff Refunds

On Monday, the U.S. Customs portal will start accepting refund requests from businesses that paid President Trump's tariffs before the Supreme Court ruled them unconstitutional. Nickolai Hammar/NPR hide caption toggle caption Nickolai Hammar/NPR After weeks of waiting to hear how — or whether — the U.S.

Morning Brief: Ceasefire, Blockade, CDC Nomination

Israel and Lebanon agree to 10-day ceasefire, U.S. military officials say the blockade of Iranian ports and ceasefire is holding, Trump nominates former Coast Guard doctor as CDC chief.